The General Car Insurance Company Policies Work For You

2007-03-08 10:33:40

( Insurance )



General insurance covers any insurance that is not life insurance, and is sometimes called property and casualty insurance. General car insurance protects you against losses from car accidents. You buy different coverages for liabilities involving bodily injury, property damage, medical care and physical damage coverage for collision and comprehensive. The general car insurance companies try to develop products that will suit your particular coverage needs.

The general car insurance company rule is to recognize that you may not have a perfect driving history. General car insurance firms now try to fine-tune their definitions to be able to insure more people like you.

For example, if you are at least 70 years old, under traditional general car insurance parameters, you would be classified as a high-risk driver. But the general car insurance company profiling would now describe you as an experienced driver and design an affordable general insurance policy for you.

Instead of assuming an annual miles driven figure for you in your general insurance risk profile, the general car insurance companies are now testing odometer-based systems. After your risk factor has been evaluated, you are allowed to buy prepaid miles of insurance on a cents-per-mile basis. Insurance coverage ends when the prepaid miles are used up, and you will have to buy more miles.

For many businesses, individual auto liability coverage is normally not provided by a business general liability insurance policy. You would want to protect your business against potentially devastating losses, however. Many businesses have their employees use personal cars for the business, and there is the risk that these employees may injure people or damage property while using their cars on the job. The general car insurance company practice now is to cover your business for non-owned auto liability insurance.

Competition in the general insurance industry is getting keener. But the nonstandard insurance market, which includes the general car insurance market, is growing at a 14 to 15 percent rate, says a general insurance company president. In contrast, the overall insurance market is growing at only 6 to 7 percent. As business opportunities increase, you can expect the general car insurance companies to become more innovative in designing policies with more benefits for you.


All rights Reserved © Tradenet Services srl
Do not duplicate or redistribute in any form.